Killam Apartment REIT (KMP.UN) To Go Ex-Dividend on October 30th

Killam Apartment REIT (TSE:KMP.UN) declared a monthly dividend on Friday, October 30th. Stockholders of record on Monday, November 16th will be paid a dividend of $0.06 per share on Monday, November 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, October 30th.

Killam Apartment REIT Trading Down 0.5%

TSE KMP.UN opened at C$17.36 on Wednesday. The stock has a market capitalization of C$2.08 billion, a P/E ratio of 258.01 and a beta of 0.79. Killam Apartment REIT has a 52-week low of C$15.65 and a 52-week high of C$19.21. The firm has a 50-day moving average price of C$17.58 and a 200 day moving average price of C$17.65. The company has a quick ratio of 0.03, a current ratio of 0.10 and a debt-to-equity ratio of 82.05.

Killam Apartment REIT (TSE:KMP.UN) last released its earnings results on Wednesday, August 5th. The company reported C$0.53 earnings per share (EPS) for the quarter. The company had revenue of C$99.16 million for the quarter. Killam Apartment REIT had a return on equity of 12.07% and a net margin of 86.91%. Equities research analysts expect that Killam Apartment REIT will post 1.29 EPS for the current year.

Analyst Upgrades and Downgrades

KMP.UN has been the topic of a number of recent analyst reports. Raymond James Financial upped their price objective on Killam Apartment REIT from C$21.00 to C$21.25 and gave the stock an “outperform” rating in a report on Friday, August 7th. TD raised their target price on Killam Apartment REIT from C$21.00 to C$22.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Scotia raised their target price on Killam Apartment REIT from C$20.00 to C$20.25 and gave the company a “sector outperform” rating in a report on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$20.44.

About Killam Apartment REIT

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada’s largest residential real estate investment trusts, owning, operating and developing a $5.4 billion portfolio of apartments and manufactured home communities. Killam’s strategy to enhance value and profitability focuses on three priorities: 1) increasing earnings from existing operations, 2) expanding the portfolio and diversifying geographically through accretive acquisitions which target newer properties and through the disposition of non-core assets, and 3) developing high-quality properties in its core markets.